BOE Report

ExxonMobil to release fourth quarter 2020 financial results

IRVING, Texas - Exxon Mobil Corporation (NYSE:XOM) will release fourth quarter 2020 financial results on Tuesday, February 2, 2021. A press release will be issued via Business Wire and available at 6:30 a.m. CT at www.exxonmobil.com. Darren Woods, chairman and chief executive officer, and Stephen Littleton, vice president of investor relations and secretary, will review the results during a live, listen-only conference call at 8:30 a.m. CT. The presentation can be accessed via webcast or by [Read more]

Kinder Morgan announces results for fourth quarter of 2020; maintains $0.2625 per share dividend

Kinder Morgan, Inc.’s (NYSE: KMI) board of directors today approved a cash dividend of $0.2625 per share for the fourth quarter ($1.05 annualized), payable on February 16, 2021, to common stockholders of record as of the close of business on February 1, 2021. This dividend represents a 5% increase over the fourth quarter of 2019. KMI is reporting fourth quarter net income attributable to KMI of $607 million, compared to net income attributable to KMI of $610 million in the fourth quarter of [Read more]

ConocoPhillips completes acquisition of Concho Resources

HOUSTON - ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Concho Resources (“Concho”) (NYSE: CXO) following approval by shareholders of both companies. “We appreciate the strong support for this transaction from the shareholders of both companies, which we view as further affirmation of the significant benefits it will deliver,” said Ryan Lance, ConocoPhillips chairman and chief executive officer. “This acquisition results in the combination of two premier [Read more]

Imperial to hold 2020 fourth quarter earnings call

CALGARY, Alberta - (TSE:IMO, NYSE American: IMO) Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president investor relations, Imperial Oil Limited, will host a 2020 Fourth Quarter Earnings Call on Tuesday, February 2, following the company’s fourth-quarter earnings release that morning. The event begins at 9 a.m. MT and will be accessible by webcast. During the call, Mr. Corson will offer brief remarks prior to taking questions from Imperial’s covering [Read more]

ExxonMobil announces emission reduction plans; expects to meet 2020 Goals

Greenhouse gas plans consistent with goals of Paris Agreement Sets 2025 greenhouse gas emission reduction plan: intensity of upstream emissions to drop by 15-20%; methane intensity by 40-50%; flaring intensity by 35-45% Aims for industry-leading greenhouse gas performance across its businesses by 2030 Plans to eliminate routine flaring by 2030; provide Scope 3 emissions beginning in 2021 Anticipates meeting 2020 methane and flaring reductions IRVING, Texas - ExxonMobil said today [Read more]

Chevron announces leadership changes

Al Williams Named Vice President, Corporate Affairs Paul Antebi Appointed Vice President and General Tax Counsel SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today named Al Williams vice president of corporate affairs, effective March 1, 2021. The company also appointed Paul Antebi vice president and general tax counsel, effective February 1, 2021. Williams, 52, succeeds Dale Walsh who is retiring after 38 years of distinguished service. Williams, currently [Read more]

Seven Generations Energy announces partial redemption of 6.875% unsecured notes due 2023

CALGARY, Alberta - Seven Generations Energy Ltd. (TSX: VII) Seven Generations Energy Ltd. has issued a notice of partial redemption to holders of its 6.875% unsecured notes due 2023 (the “6.875% Notes”) to provide notice of its election to redeem US$180 million of the US$294 million aggregate principal amount currently outstanding on December 31, 2020 (the “Redemption Date”) at a redemption price of 101.719% of the aggregate principal amount of redeemed notes, or $1,017.19 per $1,000.00, [Read more]

Imperial provides update on unconventional portfolio

CALGARY, Alberta - Following annual review of its company business and strategic plan, Imperial (TSE: IMO, NYSE American: IMO) has re-assessed the long-term development plans of its unconventional portfolio in Alberta, Canada and no longer plans to develop a significant portion of this portfolio. The decision not to develop these assets will result in a non-cash, after-tax charge of approximately $0.9 billion to $1.2 billion in the company’s fourth quarter 2020 results. These non-core assets [Read more]

Imperial senior vice-president, commercial and corporate development, to retire

Theresa Redburn has announced her intention to retire after 35 years of service Sherri Evers appointed Vice-President, Commercial and Corporate Development effective January 1, 2021 CALGARY, Alberta - Imperial (TSE: IMO, NYSE American: IMO) announced today Theresa Redburn, Senior Vice-President, Commercial and Corporate Development has announced her intention to retire on January 1, 2021 after 35 years of service. The company also announced Sherri Evers has been appointed as [Read more]

NuVista Energy Ltd. provides third quarter operating results and provides 2021 guidance

CALGARY, Alberta - NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce results for the three and nine months ended September 30, 2020 and provide an update on our future business plans. NuVista continued its decisive action in the face of a challenging year for all of industry, through the progression of our COVID-19 safe operating plan, and the significant reduction of capital, operating, and G&A spending to ensure liquidity and balance sheet protection remain [Read more]